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Shiba Inu is a prominent meme coin , earning its place as the second largest meme coin . The team behind SHIB has shown consistent efforts towards its development, as evident from its various developments, such as the Shiba Inu Burn initiative. The burn rate of SHIB has gained a reputation for its fluctuating nature, with some days experiencing a significant increase while others see a decline. According to Shibburn data, the burn rate has plummeted over the last seven days. In the last 7 days, there have been a total of 22,184,222 $SHIB tokens burned and 14 transactions. # shib — Shibburn (@shibburn) April 30, 2023 Only 22.1 million SHIB burned in the last 7 days During the last seven days, only 22.1 million SHIB were sent to dead wallets. The burning process occurred in 14 different transactions. The last week has been considerably slow for the burn initiative. Also read: PXL Wars: All You Need to Know About Cardano Ecosystem’s New Game The burn rate over th...

Scottish-Salvadoran driver Sebastian Melrose has made his debut in the Porsche Carrera Cup racing championship. The 25-year-old, who took part in a popular Netflix TV series last year, drives a Bitcoin-branded 911 that Features the flag of crypto-friendly El Salvador on its rooftop. Bitcoin Racing Team Joins Porsche Carrera Cup With Netflix Celebrity in the Car British racing team Bitcoin Racing has joined the Porsche Carrera Cup together with Richardson Racing, not only to win prizes in one of the U.K.’s biggest racing championships but also to promote crypto. The tandem hired a newcomer to the series, Scottish-Salvadoran driver Sebastian Melrose, who debuted last weekend at the Donington Park circuit. Melrose, who owes a great deal of his fame to his participation in the “Too Hot to Handle” dating game show on Netflix, sat behind the wheel of a “Bitcoin Porsche,” a 500-horsepower 911 GT3 that is sporting the bitcoin logo on its door panels, and on its roof, the flag of El Salvado...

As of April 28, 2023, the number of Ordinal inscriptions on the Bitcoin blockchain has exceeded 2 million, according to current statistics. This milestone has been reached within just over four months since the first Ordinal inscription was minted on December 16, 2022, at block height 767,753. In total, inscription minting fees have amounted to 196.22 bitcoin, equivalent to $5.78 million. More Than 2 Million Ordinal Inscriptions Are Now Engraved Into the Bitcoin Blockchain The trend of Ordinal inscriptions on the Bitcoin blockchain continues to grow, with over 2,116,396 inscriptions discovered at the time of writing. These inscriptions are composed of various formats such as text, video, images, applications, and audio. Dune Analytics statistics reveal that 67.6% of all inscriptions are in text form, while 22.6% are images in the form of JPG or PNG files. Moreover, more than 13,000 Ordinal inscriptions include an application, and over 6,000 image inscriptions are animated. There are...

There’s magic in numbers and numbers are magical in the world of cryptocurrencies. A $1,000 investment could balloon to $1 million and might also go to $10 the next day. Such is the volatility of the cryptocurrency markets. Impeccable timing for an entry and exit position could make or break a holder’s portfolio. One such lucky investor invested a mere $733 in 2015 and saw his portfolio balloon to $4.36 million. The phenomenal yet life-changing profits occurred eight years. Also Read: Is Shiba Inu Incapable of Reaching $0.01? This Cryptocurrency Turns $733 Into $4.36 Million In 8 Years Source: newsbtc.com A mysterious and unknown investor purchased the Initial Coin Offering (ICO) of Ethereum back in July 2015. During the ICO, ETH was priced at $0.31 and the investor purchased $733 worth of Ethereum. Therefore, the investor got to accumulate 2,365 ETH for a mere $733 during that period. You can check the wallet details on Etherscan.io for a better and more in-depth understanding...

A brisk slowdown in GDP fails to offer any direction for crypto markets, with Bitcoin slowly claws back lost ground below $30,000. Bitcoin (BTC) stuck to $29,000 at the April 27 Wall Street open as United States GDP growth missed expectations. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView U.S. GDP figures reveal surprise slowdown Data from Cointelegraph Markets Pro and TradingView showed BTC/USD once again stagnant after flash volatility the day prior. The largest cryptocurrency had liquidated over $300 million in long and short positions after a snap correction over claims that Mt. Gox and U.S. government bitcoins had left their wallets. A subsequent rebound rescued some of the losses, but $30,000 remained out of reach as macro data failed to offer a suitable catalyst. This came in the form of GDP growth, which at 1.1% fell far short of predictions. US economy is losing steam: The US GDP grew 1.1% in Q1 2023 ann, slower than the expected 1.9% & slower than previous ...

While Binance does not publish any annual financial disclosure on its revenues and CZ’s stake, Bloomberg estimated that CZ is worth $28.2 billion and ranked him 3rd in the top 25 rich list. Meanwhile, Forbes rich list estimates that CZ is worth $10.5 billion. advertisement Binance CEO Denies Worth Estimated by Bloomberg Binance CEO CZ took to Twitter on April 27 denying Bloomberg ’s data on his net worth and FTX rivalry. He said the numbers, including his wealth and the Crypto exchange ’s annual revenue, are “all wrong.” Further, he claims that FTX was never seen as a rival, saying “We welcome more (well run) exchanges in the space.” 4 Numbers all wrong. I don't have anywhere near as much. Don't know why they do this. 🤷‍♂️ Trending Stories SOL Price Prediction: Bullish Pattern Sets Solana Price for 22% Rise; Enter Today? 24/7 Cryptocurrency Ne...

The action came after a South Korean court on Monday dismissed prosecutors’ appeal to confiscate Daniel Shin’s properties and his arrest for violating the Capital Markets Act. Terra Founders Do Kwon and Daniel Shin Faces Prosecutors’ Wrath The Seoul Southern District Prosecutor’s Office indicted Terra co-founder Daniel Shin and seven others without detention for multiple charges including fraud, breach of duty, and embezzlement. While two were indicted for breach of trust, reported Korean news agency Yonhap on April 25. Shin and others pocketed nearly $300 million won in illegal profits from Terra ecosystem tokens by marketing and promoting these cryptocurrencies. In a press conference after the prosecution indicted 10 people, head prosecutor Dan Seong-han said the prosecutor’s office will continue to track Bitcoin holdings and transactions by TFL and LFG. Do Kwon still have Bitcoin worth millions in a Swiss bank, after converting some into cash last year....

In a recent Twitter post, Dogecoin creator Billy Markus got candid about his involvement with DOGE today. Moreover, Markus addresses some frequently asked questions regarding his place in the development of the meme coin he created ten years ago.  Importantly, Markus made one thing very clear: he is no longer involved with the digital asset. Specifically, when asked if he represents DOGE, he replied succinctly, “No.” Additionally, he spoke about his lessened professional involvement, and his opinion on the market as a whole.  FAQ: Q: do you represent doge ? A: no Q: do you have any professional involvement with doge ? A: no. haven’t touched it for 10 years. Q: are you jealous of the success of other coins and tokens? A: i literally don’t care, i just don’t like being harassed and attacked for clout. — Shibetoshi Nakamoto (@BillyM2k) April 26, 2023 DOGE Creator Talks Current Involvement The prevalence of meme coins is among the most interesting developments in the digital...

Multichain Integration with LEND Finance, to enable a truly seamless cross-chain DeFi lending experience, allowing future LEND users to supply assets on one blockchain. Users can interact with the protocol in a few ways; Deposit crypto assets to earn competitively high interest, similar to a traditional savings account. Or use their crypto assets as collateral to borrow other assets. As Multichain announced their Integration with LEND Finance. LEND’s DeFi lending platform offers crypto holders the opportunity to earn passive interest by supplying liquidity for borrowing requests while giving crypto users instant access to on-chain liquidity without the hurdles often encountered on traditional platforms. LEND’s innovative cross-chain development empowers lenders and borrowers to allocate collateral across various chains, enabling instant liquidity access on any supported blockchain. How this collaboration changes the DeFi landscape LEND’s collaboration with Multichain and anyCall aims t...

BTC Price Prediction: the Bitcoin price turned down from the $31000 high during mid-April and triggered a new correction phase. This retracement has plunged the coin price by 12.38% within a fortnight and plunged the prices to the $17250 mark. This support most likely caused a temporary halt so sellers can recuperate bearish momentum for further rallies. Here are the key levels to watch amid the current correction. advertisement Key Points The Bitcoin price breakout from the current range formation will determine the near future price movement With a higher possibility, a breakdown below the range support of $17250 will pull the Bitcoin price to $16750 mark. The intraday trading volume in Bitcoin is $15.4 Billion, indicating a 5.43% loss Source- Tradingview Over the past three days, the Bitcoin price had been wobbling in a narrow range from $27900 to $27250. After a significant drop, this consolidation is a short break where the...